Closing Bell Movers: Nike gains 10% on more positive earnings call
In the opening hour of the evening session, U.S. equity futures are retaining the positive bias on display again on Thursday – S&P 500 and Nasdaq 100 are both up 0.1% while Dow Industrials are up 0.2%. In commodities, WTI Crude Oil is little changed around $65 per barrel, with Gold little changed and Silver up for the second straight day approaching $37 per ounce.
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Internet names Meta (META) and Alphabet (GOOGL), along with Amazon (AMZN), were at the forefront among the Mag-7 names, placing Communication Services at the top of the S&P 500 sectors for the day, while Real Estate brought up the rear as investors prioritized growth over income. Afterhours, Nike also helped to quell concerns of a slowing economy translating into reduced discretionary spending, with the company reporting a modest Q4 earnings and revenue beat but forecasting improvement over the balance of the calendar year.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS -)
Nike (NKE) up 10.4%
American Outdoor (AOUT) up 8.3%
ALSO HIGHER –
DOWN AFTER EARNINGS –
Aethlon Medical (AEMD) down 26.3%
Concentrix (CNXC) down 7.7%
ALSO LOWER –
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